Park Hotels & Resorts Inc. (NYSE:PK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $18.09.

PK has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Wolfe Research cut shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Evercore ISI decreased their target price on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Bank of America decreased their target price on shares of Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, Compass Point decreased their target price on shares of Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the business. Epoch Investment Partners Inc. raised its holdings in Park Hotels & Resorts by 135.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,391,881 shares of the financial services provider’s stock valued at $24,344,000 after acquiring an additional 801,372 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Park Hotels & Resorts by 492.7% in the 1st quarter. Acadian Asset Management LLC now owns 54,345 shares of the financial services provider’s stock valued at $950,000 after acquiring an additional 45,176 shares during the last quarter. Algert Global LLC raised its holdings in Park Hotels & Resorts by 48.6% in the 2nd quarter. Algert Global LLC now owns 752,273 shares of the financial services provider’s stock valued at $11,269,000 after acquiring an additional 245,973 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Park Hotels & Resorts during the 2nd quarter valued at $599,000. Finally, Quantbot Technologies LP grew its stake in shares of Park Hotels & Resorts by 95.7% during the 2nd quarter. Quantbot Technologies LP now owns 367,900 shares of the financial services provider’s stock valued at $5,511,000 after buying an additional 179,884 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Stock Down 1.4 %

Shares of Park Hotels & Resorts stock opened at $14.28 on Tuesday. The firm’s 50 day moving average price is $14.36 and its 200-day moving average price is $14.79. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.24. Park Hotels & Resorts has a 52-week low of $13.23 and a 52-week high of $18.05. The company has a market cap of $2.95 billion, a P/E ratio of 9.10, a PEG ratio of 0.80 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.21). The firm had revenue of $649.00 million during the quarter, compared to analysts’ expectations of $646.15 million. Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, sell-side analysts predict that Park Hotels & Resorts will post 2.09 EPS for the current fiscal year.

Park Hotels & Resorts Company Profile

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.